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IN RE DORSEY

Bankruptcy No. 92-10554, Adv. No. 92-1042.

155 B.R. 263 (1993)

In re Francis E. DORSEY, Debtor. FIRST NATIONAL BANK OF BAR HARBOR, Plaintiff, v. UNITED STATES of America, DEPARTMENT OF AGRICULTURE, FARMERS HOME ADMINISTRATION and Francis E. Dorsey, Defendants.

United States Bankruptcy Court, D. Maine.

June 10, 1993.

Attorney(s) appearing for the Case

Steven E. Cope, Cope & Cope, Portland, ME, for debtor.

Richard Silver, Russell, Lingley & Silver, Bangor, ME, for First Nat. Bank of Bar Harbor.

Nancy Torresen, Office of U.S. Atty., Bangor, ME, for Farmers Home Admin.

MEMORANDUM OF DECISION

JAMES B. HAINES, Jr., Bankruptcy Judge.

This adversary proceeding has been submitted for decision on stipulated facts. First National Bank of Bar Harbor ("FNBBH") and the Farmers Home Administration ("FmHA") each claim superior rights in six FNBBH certificates of deposit in the total sum of $184,051.84.1

For the reasons set forth below, I conclude that FNBBH holds the certificates as security for...

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